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Answer:
(B) subtract both values from balance according to books
Explanation:
Provided, that the check deposited in bank is NSF.
Therefore, it will not be cashed,
Although such balance was already added to book balance as per accounting records, therefore, such amount shall be subtracted from accounting balance.
Further bank provides the information of charges which was not considered earlier.
Therefore, such amount shall also be deducted from accounting records.
Thus both such amounts shall be deducted from balance according to books.
Answer:
A, B , and E
Explanation:
<u>A. Budgeted purchase prices were set without careful analysis of the market</u>
Budgets are prepared using estimated prices. As much as possible, the budget prices should be the same as market prices. It may happen that during price estimation, some aspects could have been ignored, leading to incorrect purchase prices. It could be possible that the budget prices are overstated. In such a scenario, there would be a favorable price variance to the business.
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<u>B. Materials prices decreased unexpectedly due to industry oversupply</u>
The supply and demand forces determine the prices of raw materials. Low supply will lead to an increase in price as many buyers chase few goods. Constant demand and supply create stable prices. A sudden increase in supply will lead to reduced prices, which will cause favorable variances to the business.
<u>E. The materials purchasing officer negotiated more skillfully than was planned in the budget.</u>
The purchasing manager does the actual buying in any organization. Should the manager be a skilled negotiator, the business stands a better chance of buying goods at low prices. In this case, the purchasing manager negotiated for better prices. The results will be a positive price variance for the company.
Answer: business proposal
Explanation:
Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.
In summary, business proposal is written in other to convince investors to invest in a particular project.
The items that are initially recorded as an expense on the income statement are:
- a. Research and development costs
- b. Advertising costs
<h3>What is an Income Statement? </h3>
This refers to financial information that stores all the inflows and income that occurred over a period of time.
Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.
Read more about income statements here:
brainly.com/question/24498019
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